$XRP XRP, which powers transactions on Ripple Labs’ digital payments platforms, experienced a brief surge after US President Donald Trump suggested it could be included in a strategic crypto reverse.

Trade tensions impact crypto market

According to a report in Barrons, much of the gains made by XRP were erased as investors reacted to the confirmation that US tariffs on Canada and Mexico would take effect.

The ongoing trade tensions have dampened market sentiment. This has led to a shift away from risk-on assets including cryptocurrencies.

FxPRo analyst Alex Kuptsikevich was quoted in Barron's report saying that pressure in the traditional markets have clipped the wings of the crypto market. He additionally noted that many traders have taken the opportunity to lock their profits in as the uncertainty heightens.

Broader crypto markets struggle

The overall cryptocurrency market has been facing challenges due to macroeconomic issues. These issues have led investors to adopt a more cautious stance amid global trade disruptions.

Even though XRP’s recent surge sparked some optimism, analysts have cautioned that lasting growth is improbable until there is greater clarity on trade policies and economic stability.

As of 2025, XRP continues to rank among the leading cryptocurrencies by market capitalization, supported by significant institutional investment and an expanding role in global finance. Its prospects are heavily influenced by regulatory changes and the overall adoption of cryptocurrencies.